05.15.2009 01:50 AM
Acme Revenues Drop 20 Percent

SANTA ANA, CALIF.: Acme Communications reduced its operating costs to the point of keeping its loss flat while revenues fell 20 percent. Acme’s six TV stations and its syndie talk show, “The Daily Buzz,” generated revenues of $6.5 million in the first quarter compared to $8.2 million last year. The decrease was driven by sharply lower advertising demand resulting in a 22 percent decrease in net revenues at TV stations and a 4 percent decrease for the show.

Total operating costs fell 13 percent to $7.8 million for the first quarter compared to $9 million for the first quarter of 2008. Acme said it cut costs through lower program amortization and reduced promotion and compensation expense. Station cash-based operating expenses decreased 11 percent, principally on lower variable-based expenses.

Broadcast cash flow for the quarter was negative $374,000 compared to $425,000 for the first quarter of 2008. Adjusted earnings before interest, taxes, depreciation and amortization from continuing operations decreased to negative $855,000 compared to negative EBITDA of $164,000 for the first quarter of 2008 on lower broadcast cash flow, offset somewhat by lower corporate expenses. Net loss was $1.6 million for the first quarter of 2009, essentially unchanged from the first quarter of 2008. -- Deborah D. McAdams 



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Manor Marketing /   Tuesday 10:32 AM
Cobham takes on American Ninja Warrior
Sue Sillitoe, White Noise PR /   Monday 05:38 AM
DPA Microphones Takes On A Downpour at the 2015 BRIT Awards

 
Featured Articles
Product News
Discover TV Technology